2016 HREI Insights Awards Finalists: Best Renovated/Repurposed
380 W. MacArthur, Oakland, Calif. Developer: Meridian Kaiser has been fined for lack of behavioral health services for patients. In Oakland there were no buildings with available medical space and/or available parking.
2016 HREI Insights Awards Finalists: Best Post-Acute/Senior Living
Beach House Assisted Living and Memory Care, Naples, Fla. Developer: Prevarian Companies LP It has taken more than a decade for the site at 1000 Airport Pulling Road S. in Naples to finally be developed after years of delays caused by a long entitlement process and the recession. Making the project a reality was Prevarian, […]
2016 HREI Insights Awards Finalists: Best New MOB (Less Than 25,000 S.F.)
Janis Medical Office Building, Bend, Ore. Developer: Getz Properties LLC Bend Ophthalmology needed a larger, more modern facility closer to the St. Charles North hospital campus in Bend. Meanwhile, Getz Properties was nearing completion of an office park adjacent to the hospital.
2016 HREI Insights Awards Finalists: Best New MOB (25,000-49,999 S.F.)
Barnabas Health ACC Annex, Livingston, N.J. Developer: Rendina Healthcare Real Estate Opening in March 2016, the 41,000 square foot Barnabas Health Ambulatory Care Center (ACC) was the first project Rendina completed for West Orange, N.J.-based RWJBarnabas Health.
Transactions: Value-add MOB nets a nice profit
Transwestern handles sale to HCP as Origin Investments reaps a healthy return By John B. Mugford In what can be considered a classic value-add success story in the healthcare real estate (HRE) acquisitions market, Chicago-based Origin Investments recently sold a medical office building (MOB) in Kingwood, in the northern suburbs of Houston, for a solid […]
2016 HREI Awards Finalists: Best New MOB (100,000 S.F. or More)
Hoag Health Center Irvine-Sand Canyon, Irvine, Calif. Developer: Pacific Medical Buildings The Hoag Memorial system wanted to develop an outpatient facility adjacent to its Hoag Hospital Irvine to meet the healthcare needs of the rapidly growing area.
Transactions: Mount Sinai plans Florida expansion
New York-based provider to anchor conversion of newly acquired office building By John B. Mugford Sunny West Palm Beach, Fla., with its affluent older population – many of whom are retired snowbirds from the Northeast – is a prime area for providing medical services.
Transactions: Griffin-American REIT IV acquires its 12th building, an MOB near Cincinnati
EVENDALE, Ohio – Irvine, Calif.-based Griffin-American Healthcare REIT IV Inc., recently entered into an agreement to acquire Evendale Medical Office Building, a 66,000 square foot MOB in the northern Cincinnati suburb of Evendale.
Transactions: Hammes Partners lands MOB in Twin Cities suburb for $15.3 million, or $216 per square foot
ROSEVILLE, Minn. – Milwaukee-based Hammes Partners, an affiliate of Hammes Company, has acquired the Twin Lakes Health building at 1835 County Road C W. in Roseville, a Twin Cities suburb, from Minneapolis-based Ryan Cos. Hammes, whose Hammes Partners II LP fund is closed to investors after raising $430 million of capital commitments, paid $15.3 million […]
Transactions: Anchor Health Properties lands Coit MOB in Dallas, home to Baylor Surgicare
DALLAS – Wilmington, Del.-based Anchor Health Properties recently purchased Coit Medical Center, a 32,201 square foot MOB in Dallas.
Transcations: MOB in high-demand Burbank, Calif., market trades for $572 per square foot
BURBANK, Calif. – The largest off-campus, single-tenant MOB in Burbank, outside of Los Angeles, recently changed hands for $14.3 million, or about $572 PSF.
Hot Property: Los Angeles-area MOB is 90% filled
It’s home of Lynwood, Calif., is seeing growth in patient base, brokers say Name: 3680 E. Imperial Highway Location: Lynwood, Calif. Square feet: 64,780 Occupancy: 90% Average lease term: 4 years Year 1 NOI: $1.08 million Seller: Undisclosed Brokerage: CBRE Investment Properties, Southern California Brokers: Gary Stache, Anthony DeLorenzo, Doug Mack and Nicholas Svendsen One […]
Transactions: DocREIT buys surgery center from physicians in Traverse City, Mich.
TRAVERSE CITY, Mich. – Milwaukee-based Physicians Realty Trust (NYSE: DOC) recently acquired the Northwest Michigan Surgery Center, a 55,215 square foot ambulatory surgery facility in Traverse City, a town of about 15,000 residents in the far northwest corner of the state.
Transactions: Dallas-based Caddis makes entrée into South Carolina with Hilton Head ASC acquisition
HILTON HEAD, S.C. – Dallas-based Caddis recently paid an undisclosed amount for the 19,728 square foot Outpatient Surgery Center of Hilton Head, a one-story ambulatory surgery center (ASC) at 190 Pembroke Drive.
Transactions: Catalyst CRE acquires five Florida buildings housing area oncology practice for $16.9 million
PENSACOLA, Fla. – Pensacola-based Catalyst CRE, which focuses on healthcare real estate consulting, investment, and development, recently announced that it paid $16.9 million for five facilities in Central Florida that are home to Ocala, Fla.-based Robert Boissoneault Oncology Institute (RBOI).